Thursday, March 29, 2012

End of Furloughs Vaults Sacramento County into Top 5 in wage Growth in 2011, 3rd quarter

Sacramento County has been near the bottom of the nations 323 largest counties in this report quarter after quarter. However, the latest report shows Sacramento vaults to #5 in the nation in average year-year wage growth with 9.8% increase between 2010Q3 and 2011Q3.

Job growth was still close to zero, but wage growth jumped. The furloughs definitely had an effect. Interesting timing how the temporary taxes and furloughs expired at the same time.

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About Me

I am Executive Director of the Center for Business and Policy Research at the University of the Pacific, where I have a joint faculty appointment in the Eberhardt School of Business and the Public Policy Program in the McGeorge School of Law.
My professional areas of expertise are regional economics (such as labor and real estate markets), and environmental economics. Much of my research has been on the economic impacts of environmental policies such as the Endangered Species Act, sea-level rise, climate change, and land use. Depending on the facts, these studies sometimes favor environmental viewpoints and sometimes business points of view.
This is a personal journal and reflects my thoughts at a particular time. I am open to changing my mind in light of new facts and better arguments.